Hamai Industries Limited (JASDAQ:6497) announces a share repurchase program. Under the plan, the company will repurchase up to 250,000 shares, representing 3.54% of outstanding shares at a price of ¥795 per share for a total of ¥198.75 million. The company will make repurchases through the Off-Auction Own Share Repurchase Trading.

The purpose of the plan is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. The company will make repurchases on May 12, 2014. As of May 9, 2014, the company has 7,055,118 shares outstanding excluding treasury and 369,022 shares in treasury.